60.
The answer is: B
Explanation
The correct option is B: not a distinct legal entity from its partners.
A partnership firm is an association of two or more persons who agree to set up a business together and share the profits and losses it makes. A partnership firm is not a separate legal entity from its partners, which means that the partners are jointly and severally liable for the debts and obligations of the firm. A partnership firm does not have a legal personality of its own and cannot sue or be sued in its own name. Therefore, option B is the correct answer. Option A is incorrect because a partnership firm is not a distinct legal entity from its partners. Option C is incorrect because a juristic person is an entity that has legal rights and obligations, such as a company or a trust, which a partnership firm is not. Option D is incorrect because option B is the correct answer.